Although bitcoin is already more than 30% down from its ATH marked last month, Peter Brandt believes that the asset might not have reached its bottom yet. The CEO of Factor LLC noted that there hasn’t been a high volume panic capitulation yet to outline that bottom as with previous corrections. Bitcoin Is Yet to...Read More
One of the largest supermarket chains in Mexico – Elektra – allowed customers to pay their bills in bitcoin instead of fiat currencies. To process the cryptocurrency payments, the company partnered with BitPay. At the same time, the South Korean-Japanese video game publisher – Nexon – enabled players to purchase in-game items with digital assets....Read More
The United States Securities and Exchange Commission (SEC) has postponed its decision regarding the Bitwise Bitcoin ETP Trust and Grayscale Bitcoin Trust applications. SEC Extends Approval Date to Feb 2021 The regulatory body has issued two new extension dates for both applications to determine whether to approve, reject, or “institute proceedings to determine whether to...Read More
Impersonation scams are a growing threat in the cryptocurrency community, and a large number of victims continue to fall for them. The latest such example involved MicroStrategy’s CEO, and someone sent two BTC to a fake giveaway address using his name. In giveaway scams, bad actors typically impersonate a well-known figure and promote deceiving campaigns...Read More
Last year’s Christmas run-up was one of bitcoin’s most bullish periods as the asset gained 50% of value at the end of December. With the uncertainties around the most recent Fed meeting over now, the question arises if BTC can do it again. The 2020 Christmas Rally 2020 was a wild year from all perspectives,...Read More
Elon Musk was named the 2021 Person of the Year by TIME Magazine – a reward given to him for “creating solutions to an existential crisis, for embodying the possibilities and the perils of the age of tech titans,” and other worthwhile achievements. After receiving the reward, during the interview with TIME Magazine, Musk took the opportunity...Read More
Bitcoin prices hit a ten-day low of just below $46,000 during the Tuesday morning Asian trading session. The asset now sits on solid support at the 200-day moving average and needs to maintain this level to prevent another painful decline. BTC has lost around 30% from its Nov. 10 all-time high, but it is not...Read More
It is no secret that Satoshi Nakamoto, the father of Bitcoin, is still one of the biggest unsolved mysteries within the crypto space, as no one knows if the pseudonymous tag belongs to a single person or a group. A Final Message From Satoshi Interestingly, December 12, 2010, eleven years ago, was the last time...Read More
Mike McGlone – Senior Commodity Strategist at Bloomberg – expects 2022 to be a successful year for both bitcoin and gold. He believes the primary cryptocurrency will hit $100,000, while the precious metal will trade at $2,000. What Will Fuel Bitcoin’s Rally in 2022? The current global financial system is passing through tough times, to...Read More
Bitcoin’s price has lost a lot of ground in the past few weeks. It’s down by $20,000 since the most recent peak of $69,000 in November. This has caused a lot of speculation in the cryptocurrency community whether the tides have turned again and if the bears have taken complete control. PlanB, though, believes this...Read More
Speaking to CNBC on Dec. 9, Ark CEO Cathie Wood said that crypto is a diminutive amount of institutional portfolios, and “institutions are moving in” on Bitcoin and its brethren. She asserted that cryptocurrencies are a new asset class with a “correlation very different compared to other asset classes,” and only real estate comes close....Read More
The NASDAQ-listed tech giant, spearheaded by Michael Saylor, continues its BTC buying spree after another substantial purchase worth more than $80 million. Michael Saylor, one of the most prominent bitcoin advocates, who is also the founder and CEO of MicroStrategy, announced the latest purchase earlier on December 9th. The company has accumulated another 1,434 coins...Read More
The Swiss-based investment product issuer – 21Shares – listed its first two physically-backed Exchange-Traded Notes (ETNs) on Nasdaq Stockholm. The underlying assets of the financial products are respectively Bitcoin and Ethereum. First Issuer of ETNs on Nasdaq Stockholm According to a recent press release, Nasdaq released a new segment for ETNs, a type of debt...Read More
According to a study conducted by Grayscale Investments – the world’s largest digital asset manager – 26% of the American investors already own bitcoin. 55% of the HODLers entered the crypto market in the last 12 months. Every Fourth American Has BTC Despite bitcoin’s current price decline, the primary cryptocurrency has had a highly successful...Read More
The third-largest BTC whale has accumulated more than 2,700 coins in a day as the cryptocurrency spiked above $50,000. The mystery entity has bought over 5,600 BTC in the past two weeks. CryptoPotato frequently reports the behavior of this particular whale who tends to sell when the cryptocurrency’s price has gone on a tear lately...Read More
People in Colombia will soon have a new option to buy their favorite cryptocurrencies using their bank accounts just as easy as they buy any other product. The US-regulated cryptocurrency exchange Gemini announced that it had finally completed all the necessary steps to move to the implementation phase of a project that would allow Colombians...Read More
El Salvador’s pro-bitcoin president updated earlier today that the country has reacted to the recent price crash by purchasing 150 more coins at an average price of just over $48,500. It’s safe to say that El Salvador is the most bullish country on bitcoin as it legalized the primary cryptocurrency earlier this year. Since then,...Read More
TeraWulf – an American bitcoin mining company – raised around $200 million in debt and equity financing from a group of individual and institutional investors. As a result, the firm expects to achieve a mining capacity of 6 exahash per second or 200 megawatts by the second part of 2022. Furthermore, TeraWulf eyes public listing...Read More
The past seven were somewhat successful for Bitcoin, and the total market capitalization managed to increase by some $150 million. Some altcoins are really taking off, while others are seemingly in a stalemate situation. But let’s start with Bitcoin. The market leader failed to produce any meaningful gains but is up slightly above 2% in...Read More
One of the leading cryptocurrency mining companies in the US – Riot Blockchain – acquired the electrical equipment provider – Ferrie Franzmann Industries (known as ESS Metron) for $50 million. As a result, the latter will provide a steady infrastructure supply for Riot’s new mining machines. Riot’s Expansion The news was announced in a recent...Read More
Bitcoin’s closing price for November below $60,000 meant that PlanB’s floor model, which was particularly accurate until now, was finally broken. At the same time, though, the analyst confirmed that the more popular stock-to-flow model was still valid as BTC is on track towards $100,000. PlanB’s Floor Model Fails PlanB is among the most popular...Read More
One of the world’s largest asset managers, Fidelity Investments, is set to launch a spot Bitcoin ETF in Canada and doesn’t intend to wait for the US Securities and Exchange Commission to make up its mind. Fidelity Investments currently manages around $4.2 trillion in assets, making it one of the leading asset management companies in...Read More
Griid Infrastructure – an American bitcoin mining company known – and the blank check firm – Adit EdTech Acquisition Corp. (ADEX) – announced their merger. As a result, the latter will acquire Griid Holdco LLC – a newly formed holding organization and parent of Griid. Upon finalizing the transaction, the combined entity is expected to...Read More
Deutsche Borse – a German stock market operator – recently announced the listing of a Bitcoin Spot ETN on its digital stock exchange “Xetra.” The product comes from Invesco, an American investment management company that filed for a Bitcoin futures ETF in the US in August but recently dropped. Invesco’s Spot ETN Deutsche Borse revealed...Read More
MicroStrategy – the firm spearheaded by one of Bitcoin’s most avid and vocal proponents, Michael Saylor – revealed yet another whopping Bitcoin purchase. MicroStrategy doesn’t seem to waste any time and resources when it comes to accumulating more bitcoin. Michael Saylor, the company’s CEO, announced that they had bought another 7,002 bitcoins for around $414.4...Read More
Nayib Bukele – President of El Salvador – recently announced that his country has purchased another 100 Bitcoin. That’s about $5.4 million worth of the primary cryptocurrency, at today’s prices. El Salvador Continues to HODL As always, the “CEO” of El Salvador (as reads his bio) casually announced the purchase in a tweet on Friday....Read More
To cater to the rising demand for digital asset funds, the Singaporean fund manager Fintonia Group has announced the launch of two institutional-grade funds tracking the performance of the world’s largest cryptocurrency. Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund are the two new products offered by the financial services firm regulated by...Read More
It’s been a very volatile week in the cryptocurrency market. Despite the turbulence, some altcoins managed to hold their ground and even appreciated in value, but the same can’t be said for Bitcoin. The primary cryptocurrency is down about 4% on a weekly basis, but this comes after a week of serious volatility. On Monday,...Read More
Bitcoin plummeted by several thousand dollars in just a few hours to a six-week low of under $55,000. Most of the cryptocurrency market experienced an even more severe crash. The hourly liquidations exceeded $300 million. It was yesterday when the primary cryptocurrency surpassed $59,000 for the first time in days and aimed at $60,000. As...Read More
PlanB admitted that his worst-case scenario in terms of BTC’s price movements is about to be proven wrong for the first time. The analyst’s model forecasted a $98,000 price tag for the asset at the end of November, which seems somewhat of a long shot as of now. PlanB’s Worst-Case Scenario CryptoPotato has previously reported...Read More
